Asked by Ashley Hammerscchmidt on May 28, 2024
Verified
Under the CISG, if the buyer fails to perform contractual obligations, the seller may require the buyer to do all of the following except:
A) pay the price.
B) take immediate delivery.
C) perform the contractual obligations within a reasonable time.
D) pay damages.
CISG
The Convention on Contracts for the International Sale of Goods by the United Nations, is a treaty establishing a standardized framework for global trade.
Contractual Obligations
Duties that a party is legally required to perform as specified in a contract, failure of which may lead to legal consequences.
Immediate Delivery
The rapid transfer of goods or securities from seller to buyer without delay.
- Differentiate between U.C.C. and CISG regarding the seller’s recourse.
Verified Answer
PC
Prince ChikoMay 28, 2024
Final Answer :
B
Explanation :
Under the CISG, the seller can require the buyer to pay the price, perform the contractual obligations within a reasonable time, and pay damages. However, requiring the buyer to take immediate delivery is not specifically mentioned as a remedy for the seller when the buyer fails to perform contractual obligations.
Learning Objectives
- Differentiate between U.C.C. and CISG regarding the seller’s recourse.